Energy Consultancy Predicts Another Tough Winter For Brits
The final forecast for the first quarter of 2024 from consultancy Cornwall Insight has been released and it predicts that from January, UK households will be seeing higher energy bills…
Bloomberg – Western Price Cap Fails To Stop Russia From Profiting
On Friday, Bloomberg reported that based on calculations of budget data being released by the Russian government, the price cap which the G7 and EU have sought to impose on…
Sweden Looking To Massively Build Out Nuclear Capacity
On Thursday, the government of Sweden announced it was planning to build the equivalent of two conventional nuclear reactors by 2035, as it strives to meet the rapidly rising demand…
Russia Lifts Export Ban On Gasoline
On Friday the Russian Energy Ministry announced that it has lifted the restrictions it had imposed on gasoline exports. The announcement came shortly after the government lifted a similar restriction…
Oil Continues To Fall On Demand Worries And Inventory Builds
As crude inventories have risen, alongside fears of a slowdown in the global economy, crude has been falling, dropping as much as 5% on Thursday. West Texas Intermediate (CL=F) crude…
US Inventory Build And Dollar Strength Cause Oil To Slide
Following a larger that expected build in weekly crude stockpiles in the US, and with signs pointing to a weakening demand in China, oil prices extended their losses into Asian…
Brazil Purchases Record Amounts Of Russian Crude Oil
On Friday, RIA Novosti reported that in October, Russia delivered a record amount of crude oil to Brazil, and that it is now the third-largest supplier to its fellow BRICS…
Study – LNG Worse For Global Warming Than Coal
A new report from the German TV news channel Welt on Monday cited a US study which has shown that the liquified natural gas (LNG) which Germany has been relying…
Fitch Sees $120 Per Barrel Oil In 2024
Fitch Ratings is warning that the Israeli-Hamas conflict could still disrupt global oil supplies and negatively impact global oil growth in 2024. In a new report the ratings agency released…
Russia Looks To Deepen Cooperation On Gas Supplies With Central Asia
Gazprom CEO Aleksey Miller revealed in a TV interview that Russia is looking to produce long-term cooperation agreements on natural gas supplies with Kazakhstan and Uzbekistan. Until recently, Miller noted…
